Searches And Hires
The plan committed to a fund specializing in aerospace and defense earlier this month.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The retirement fund made up to $170 million in alternatives commitments last week.
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan replaced an existing manager due to performance reasons.
The plan currently works with general investment consultant Gallagher Fiduciary Advisors.
The retirement system swapped out its domestic small-cap value manager in February.
The search is open to credit opportunities, distressed debt and direct lending strategies.
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The plan hired a new international equity manager after interviews yesterday.